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Supplemental Balance Sheet Information
 3 Months Ended
Dec. 31, 2022
Supplemental Balance Sheet Information [Abstract]  
Supplemental Balance Sheet Information

NOTE 5 – Supplemental Balance Sheet Information

 

Prepaid and other assets

 

Prepaid and other assets consisted of the following:

 

   As of
December 31,
2022		   As of
September 30,
2022		 
Prepaids  $221,701   $296,649 
Deferred offering costs   103,787    
—
 
Total  $325,488   $296,649 

 

Inventory

 

Inventory consisted of the following:

 

   As of
December 31,
2022		   As of
September 30,
2022		 
Work-in-process  $903,554   $630,570 
Finished goods   
—
    73,968 
Total  $903,554   $704,538 

 

Intangibles

 

Intangible assets rollforward is as follows:

 

   Useful Life    
Net Intangibles, September 30, 2022  12-13 years  $111,892 
Less: amortization      (5,579)
Net Intangibles, December 31, 2022     $106,313 

 

Amortization expense was $5,579 for each of the three month periods ended December 31, 2022 and 2021.

 

Property and Equipment

 

Property and equipment held for use by category are presented in the following table:

 

   As of
December 31,
2022		   As of
September 30,
2022		 
Equipment and furniture  $549,573   $538,061 
Software   1,895    1,895 
Total property and equipment   551,468    539,956 
Less accumulated depreciation   (216,667)   (186,357)
Property and equipment, net  $334,801   $353,599 

 

Depreciation expense was $30,310 and $19,582 for the three month periods ended December 31, 2022 and 2021, respectively.